By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology.
Summary
This report provides a comprehensive overview of the challenges and opportunities procurement teams are expected to face in 2024. Despite the aversion of a recession and a slowdown in inflation, Chief Procurement Officers (CPOs) still encounter a high level of economic and market uncertainty. Geopolitical issues in the Middle East and weather-related disturbances in Central America have been cited as causes for significant disruption in global shipping, leading to delays and escalating costs.
The fluctuating economic landscape has forced many procurement departments to reassess and diversify their sourcing strategies to maintain supply chain resilience. While the hurdles appear formidable, this report outlines what well-prepared procurement teams stand to benefit in this environment.
Key Takeaways
- Substantial opportunities for procurement teams that can adapt swiftly
- Proactive strategies that mitigate risks and provide a competitive edge
- Recommendations to help procurement teams thrive in a market fraught with unpredictability
Download your free copy now!
Check out the latest…
IN THE NEWS
BLOG
3 Things to Know About Arkestro’s Exclusive Advisory Council Events
It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year. ...
3 Things to Know About Arkestro’s Exclusive Advisory Council Events
It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year. ...
WEBINAR
AI Decoded: What Every CPO Needs to Know
Summary: AI is seemingly “everything, everywhere, all at once!” and it has dominated business and technology discussions since the launch of ChatGPT. The opportunities are immense, but the amount of information on AI is overwhelming. Let Ardent Partners and Arkestro...
AI Decoded: What Every CPO Needs to Know
Summary: AI is seemingly “everything, everywhere, all at once!” and it has dominated business and technology discussions since the launch of ChatGPT. The opportunities are immense, but the amount of information on AI is overwhelming. Let Ardent Partners and Arkestro...